President announces new Infrastructure Programme
President Enrique Peña Nieto has laid out the details of the Mexican government’s National Infrastructure Programme 2014 – 2018 in a ceremony which took place yesterday.
The new infrastructure plan is set in the context of the National Development Plan 2013 – 2018 and covers six key sectors of strategic development, they are:
1) Communications and transport
5) Urban development and housing
Overall, the National Infrastructure Program envisages a total investment of 7.7 trillion pesos (£349billion; $586 billion) over the next five years. The plan includes 743 projects including 1.32 trillion of pesos in communications and transport, 3.9 trillion pesos in energy and 417 billion pesos on water infrastructure. The national infrastructure programme is expected to grow the Mexican economy by 1.8% by 2018 and create up to 350,000 additional jobs per annum.
You can find full details of the programme here.